Quarterly Installments definition

Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, or the annual anniversary thereof, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
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Quarterly Installments means the quarterly installments in which the Second Phase Reimbursement Amount must be paid, the amount and number of which are determined in accordance with Section 3.1 (subject to the other provisions of this Agreement) .
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Quarterly Installments means that MGE will pay each Annual Community Impact Fee to the Town in four equal, quarterly installments over the course of a 365-day period (366 days when the period includes February 29th of a leap year), with the first installment due on the day the Project is first Open for Business to the General Public, and thereafter on the annual anniversary of that day, and each of the three subsequent installments each year due on the same date of the month of the first installment, but three, six, and nine months thereafter. By way of example, if the Project is first Open for Business to the General Public on June 10th, then the first quarterly installment would be due on that date and the subsequent quarterly installments would be due on September 10th, December 10th, and March 10th. If the date for payment of a quarterly installment falls on a weekend or holiday, MGE will pay that quarterly installment on or before the next following business day. MGE may pay at its election any quarterly installment before it is due; any such early payment by MGE of a quarterly installment will not change the dates on which subsequent quarterly installments are due.
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Examples of Quarterly Installments in a sentence

  • If a Participant does not elect to receive quarterly installments in accordance with Section 6 below, he or she shall receive an amount equal to the present value of all of the Quarterly Installments that he or she would have received had he or she elected quarterly installments, discounted using the 30-year treasury rate as in effect on the date of the Participant’s termination of service as a Director.

  • In case that Lessee has fully paid up the Quarterly Installments to Lessor for an Equipment pursuant to this Agreement, the title to or ownership of such Equipment shall be automatically and immediately transferred from Lessor to Lessee.

  • The form is abbreviated IS which stands for Quarterly Installments for Small Businesses.

  • The facility is secured as described in (h) aboveINDOSOLAR LIMITED Repayment term:22 stepped up Quarterly Installments commencing from 31st December, 2013 and ending on 31st March 2019.Rate of interest:Interest shall be charged @ 6.75% p.a. up till 31 March 2013 and will be increased to 10.75% w.e.f. 1 April 2013.

  • AMOUNT OF MONEY AND SOURCE: Annual Rent Quarterly Installments $399,169.55 $99,792.39 Account No.: 1001-000000-1480-166400-603096 BACKGROUND/EXPLANATION The annual rent for the renewal term will be determined by May 1st of each year.

  • The Quarterly Installments shall be payable on a fiscal quarterly basis, no later than the fifteenth (15th) day after the end of such fiscal quarter, beginning with the fiscal quarter in which the Issuance Date occurs.

  • So long as any of the Quarterly Installments shall remain unpaid, Lessee will not, without the prior written consent of the Lessor, cause, permit, or suffer any change, direct or indirect, in the capital ownership of Lessee.

  • This cable may be used in all locations however not practical to use in long section of small diameter HDPE pipe. Blown Cable - Cable for installation by way of air/gas blowing through small diameter HDPE continuous conduits.

  • For the avoidance of doubt, on the Maturity Date (subject to extension in accordance with Section 1 of this Note) the outstanding principal balance of this Note together with all accrued interest (net of any Quarterly Installments which were forfeited pursuant to the terms of this Section 3) shall be due and payable and shall be paid in full by the Maker to the Payees on the Maturity Date (as extended in accordance with Section 1 of this Note).

  • Repayment term:29 stepped up Quarterly Installments commencing from 31 March 2014 and ending on 31 March 2021.Rate of interest:Interest shall be charged @ 11.00% p.a. Repayment term:29 stepped up Quarterly Installments commencing from 31st March 2014 and ending on 31st March 2021.Rate of interest:Interest shall be charged @ 11.00% p.a. The loan is repayable in 35 equated monthly installments in accordance with terms and conditions of bank started from 1 Nov 2010 till 01 Sept 2013.


More Definitions of Quarterly Installments

Quarterly Installments means payments, to be made on each January 1, April 1, July 1 and October 1, equal to one quarter of the then applicable Annual Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Exhibit A to the Lease is amended to read in its entirety as follows: Commerce Center at Enchxxxxx Xxxxx, Xxx 0X, Xxxxx X, xx the same is shown and designated on the plat entitled "SUMMARY PLAT, LOT 0X, XXXXX X, X XXXXXX XX XXX 0 XX XXXCK A AND A PORTION OF UNPLATTED LANDS, COMMERCE CENTER AT ENCHANTED HILLS, WITHIN THE UNPLATTED PORTION OF UNIT TWENTY, BEING A PORTION OF SECTXXX 00, XXXXXXXX 00 XXXXX, XXXXX 0 XXXX, XXX XXXXXX PRINCIPAL MERIDIAN, CITY OF RIO RANCHO, SANDXXXX XXXNTY, NEW MEXICO", filed in the office of the County Clerk of Sandxxxx Xxxnty, New Mexico on October 27, 1995 in Vol. 3, Folio 1333-B, Instrument No. 00000 (Xxx Xxxxxx Xxxxxxx Plat Book No. 8, page 50).
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Quarterly Installments means payments, to be made on each March 20, June 20, September 20 and December 20, equal to one quarter of the then applicable Annual 2 Rent, with appropriate adjustments made for changes in the number of Building Square Feet during the relevant period. Other terms are defined throughout this Lease.
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Related to Quarterly Installments

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Quarterly Dates means the last Business Day of March, June, September and December in each year, the first of which shall be the first such day after the date hereof.

  • Installment Date as defined in Section 2.12.

  • Quarterly Commencement Date means the 20th day of each of March, June, September and December in each year.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Quarterly Valuation Date means the last Business Day of each February, May, August and November of each year commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean the last Business Day of such of the last Business Days of February, May, August and November in each year as is selected by S&P.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Quarterly Date means the last Business Day of March, June, September and December in each year, the first of which shall be the first such day after the date hereof.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;